Coinbase (COIN) CEO Brian Armstrong Says Not Shutting Down Staking Service

Armstrong insisted Coinbase would not be at risk of a bank-run-like rush of withdrawals similar to those some of its peers have suffered. “All the funds are backed one-to-one, and you don’t have to take our word for it,” Armstrong said. “As a public company, we have auditors … who have gone in and verified all that.”